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Other Liabilities And Deferred Credits
6 Months Ended
Jun. 30, 2011
Other Liabilities And Deferred Credits  
Other Liabilities And Deferred Credits

NOTE 8. OTHER LIABILITIES AND DEFERRED CREDITS

Other liabilities and deferred credits consist of the following:

 

     June 30,
2011
     December 31,
2010
 
     (In thousands)  

Acquired below market leases, net

   $ 50,328       $ 33,030   

Prepaid rent and deferred revenue

     4,447         5,257   

Straight-line rent liability

     870         722   

Deferred rent expense and lease intangible

     714         —     

Deferred compensation

     493         —     

Other liabilities

     70         49   
  

 

 

    

 

 

 

Total other liabilities and deferred credits

   $ 56,922       $ 39,058   
  

 

 

    

 

 

 

Straight-line rent liability relates to leases which have rental payments that decrease over time or one-time upfront payments for which the rental revenue is deferred and recognized on a straight-line basis.